To qualify for S corporation status, the corporation must meet the following requirements: 1  Be a domestic corporation. 2  Have only allowable shareholders May be individuals, certain trusts, and estates and. May not be partnerships, corporations or non-resident alien shareholders. 3  Have no more than 100 shareholders.  Have only one class of stock.
Honor cords in shades of silver or grey are most often awarded to students graduating with degrees in medical science, such as: chiropractic, speech, oratory, and veterinary science.
Students commonly wind their honors program cord and their major or minor cord together to create one multicolored cord. Other honor programs may require graduates to wear special cords. For example, graduates who are also members of Lambda Pi Eta, a nationally recognized honor society for communication majors, may also wear crimson colored cords on graduation day. A female graduate wears a crimson sash and tassle.